Credit Card Articles
Ace Rewards Visa Card Makes Savings Easy
The Ace Rewards Visa card is a rewards card that makes earning points easy and spending them a money-saving endeavor. This is not a card that applies lots of fees, as it has no annual fee and all other fees are standard. Its APR is also considered competitive and there are unique account management options.
The Ace Rewards Visa card makes it easy to earn points that can be applied toward Ace Hardware purchases. When a cardholder earns 2,500 points, they are given five dollars in savings. The points add up over time and so do the savings.
When a potential cardholder applies for the card, they are asked if they are an Ace Loyalty Rewards Program member. If not, then cardholders are automatically enrolled in the program when their application is approved. If so, then all members have to do is enter their member number before proceeding with their application.
The application is rather simple and quick to fill out, as it asks for basic contact information and an agreement with the terms and conditions of the card. The terms and conditions outline the APR, fees, and other important user information.
Once the card is received 7 to 10 days after application approval, there are different ways to earn points. The first is to use the credit card for everyday purchases. The second is to use it on category purchases, such as gas and groceries. Doing this will earn more points per dollar spent than using it on all other purchases. The third way is to use the card at Ace stores where even more is earned for every dollar spent. It is possible to earn up to 5 points for every dollar spent and to receive quarterly bonuses that can be applied toward saving on Ace Hardware purchases. The last way to earn points is to refer friends. When a friend is referred and they are approved for an account, a point bonus is assessed to the referrer's account. When the account is opened, bonus points are awarded to get cardholders started.
Cardholders are also able to partake in a number of bonus offers. It is through these bonus offers that even more money is saved. By using the card in addition to the loyalty rewards program, cardholders are able to save money on Ace Hardware purchases, thus making it easy to save on home improvement and other projects.
As a part of the loyalty program, cardholders receive money saving coupons, sale reminders, and home care tips. The card also affords cardholders instant savings in the store. The savings opportunities make it easy for cardholders to not spend a fortune on do-it-yourself projects.
The cost of the card lies in its APR and fees. The APR depends on creditworthiness and the Prime Rate. This means that it can vary. The APR that you receive is determined by those two factors, which means it is possible to receive a very competitive APR. However, the highest end of the APR may fall more along the lines of a standard APR when compared to competing cards.
There is also an APR associated with balance transfers and cash advances. The balance transfer APR coincides with the APR for purchases, whereas the cash advance APR is higher than the maximum purchase APR in most cases and is a fixed amount regardless of creditworthiness. The cash advance APR is based on the Prime Rate rather than the Prime Rate and creditworthiness.
In addition to the balance transfer and cash advance APR, there are balance transfer and cash advance fees. The exact fee is a percentage of the transaction amount or a set dollar amount, whichever is greater.
Other fees include those for ATM transactions, convenience check cash advances, cash equivalent advances, and foreign transactions. Foreign transaction fees are a percentage of the transaction. The exact percentage depends on whether the transaction is carried out in U.S. Dollars or a foreign currency. Transactions performed in a foreign currency results in a slightly higher percentage per transaction.
Lastly, there are the penalty fees. The penalty fees are those that can be avoided. For instance, the first fee is the late fee. If a payment is made late, then the late fee is assessed. The second fee is the returned payment fee. If a payment is returned due to insufficient funds, then a fee is assessed to the account. It is possible for a returned payment to result in a late payment. If that’s the case, then both fees are charged. There is no over the limit fee because U.S. Bank does not allow the card to go over its established credit limit.
Customer service makes card management easy. Customer service is available 24/7 to take care of questions and concerns. Cardholders can call customer service from anywhere in the world to check their card balance, available credit, and to make payments. The same information can be gathered through online account management. Online account management allows cardholders to manage their account any time they want in their own time. There is no having to hold for customer service. Instead, cardholders are able to review account statements and transactions at their own pace. Lastly, U.S. Bank has made a mobile application available for card management. This too allows cardholders to manage their account at any time. However, this enables a cardholder to manage their account no matter where they are. They do not have to be at a computer and they do not have to make a telephone call, adding to the overall convenience of having the card.
The Ace Rewards Visa card is an easy-to-manage credit card that gives cardholders the unique opportunity to save on hardware purchases. It is through this that a lot of money is saved. In addition to no annual fee and effective account maintenance, it is a rather simple and straightforward card to have.
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